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not a lawyer but chevron case seems important for fannie mae, not exactly sure how
do you even understand? blackstone is buying properties by bidding higher and higher and bumping up rents than individuals buying them.
Yes , I meant to say unconstitutional
I have no idea how this post offended Carlos and his boyfriend ...
I think you mean "unconstitutional," if so, I agree whole-heartedly.
The headline is misleading, it only applies for homes that owe the gov for the unpaid property taxes…
Don’t worry, the taxes never disappear. Lol
Fnma
I think you mean "unconstitutional," if so, I agree whole-heartedly.
Property tax is unconditional.
More and more states are planning to abolish property tax.
https://www.reuters.com/legal/us-supreme-court-curbs-states-property-tax-windfall-2023-05-25/
https://www.governing.com/finance/some-states-are-looking-to-abolish-property-taxes-entirely
I think there are two concepts at play here that get commingled. First the social safety-net programs that the US has enacted over the years within a framework of a regulated almost free-market capitalism of a constitutional Republic nation. I don’t think most Americans have a problem with safety nets. They speak to the morality of a people willing to provide for the neediest among us. And are generally good government. These programs are the product of both political parties throughout our history. What many people fear is a transformation of our form of Government to some form of authoritarian regime using the tactics of Marxism to bring us “socialism” through the equitable redistribution of wealth from a formerly sovereign people to an authoritative state. Call it what you want. Socialism, communism, fascism. The result is the same for a formerly mostly free society and has been repeated across the globe and throughout time. Always appealing to the sense of victimhood of the masses with equity for all sold through the virtues of “socialism”.
Guido its ok to disagree. But I feel you commented with your disagreement too early. This post (Post #796755) clearly addressed your reasonings. It was not HERA that caused the problems with fanniegate. If the plain language of HERA was actually followed, the GSEs would be trading as private companies now. It was the corrupt actions of Treasury in their corrupt terms and conditions of their purchase agreement that violates other foundational statutes that are responsible for all the things you stated. The corrupt bureaucrats love nothing better than to have the victims blame the wrong entity for their vial actions. We must focus our resolve on the actual perpetrators of the crimes. Obfuscation and misdirection wrapped in misinformation is the weapons they have used since the beginning. The SPSPA and Treasury’s role in it must be the focus of shareholders to fix this.
$FNMA
$FNMA Strong move this week puts this chart back in the spotlight..get above the 50 day MA and this could hit a new gear.. pic.twitter.com/vKVSrUPTpc
— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) June 29, 2024
so you want the GOV - State? Federal ? intervening in a free market ?
I hate what is going on in terms of helping renters - but if the big guys buy them up to rent them out by the week - is that not free market finding the GREATES VALUE which finds the greatest capital for select investments
So so so many hear declare SOCIALISM when a D idea is thought of or presented but is this not evil SOCIALISM with the GOV taking action because some part of the market wants it?
Now - if these companies are monopolies and acting as such that may be a reason and way to have Federal intervention in private markets
But why do so many people yell socialism when there is a program to help low wage people but want GOV to intervene when Big companies drive up costs for middle and upper income
Socialism is Socialism
if --- if - decisions against us were based on the CHEVERON doctrine in the past - then they can go again with a new effort to have SCOTUS look at a case
my memory is SCOTUS did not use CHEVRON to beat us up -- it found other ways
Mark had no problem withholding stress tests either.
As a former regulator, I never once had to rely on Chevron, it’s actually not that hard to read the statutes and just simply follow the law
— Mark Calabria (@MarkCalabria) June 28, 2024
They're still stuck in that time period, praying for hopium.
Navy posted the update but it doesn’t get stickied. I guess the master moderator thinks it’s too political.
Chevron deference is no where to be seen.
What happens is that, instead, a group of scammers are colluding with the Federal Agencies aiming for the sacking of FnF and the assault on the ownership (Common Stock), under the premise that the FHFA can do whatever it wants.
Very different.
The use the judiciary for the conspiracy, because they are unsophisticated lawyers that ignore that a dividend payment is a distribution of Earnings, not interest payments; The definition of capital distribution, even if it's written in the statute FHEFSSA, they just have to peddle that the law is HERA and not the FHEFSSA, so no one can read the definitions:
-"Beneficial to the FHFA", instead of "in the best interests of the FHFA" in order to transmit the idea that the FHFA can take the capital away in Critically Undercapitalized enterprises for its own monetary benefit;
-Omission of requirement that the actions must be "authorized by this section". For that, you have to learn that "put (restore) in a sound condition" is about building capital, and that would be the Retained Earnings account (CET1).
-Cover-up of the Restriction on Capital Distributions; Exceptions: reduce the SPS and, later on, recapitalization outside their balance sheets or, nowadays, CET1 held in escrow (concealed on their balance sheets, with gifted SPS/offset missing)
-Omission that the rehabilitation of a financial company (FHFA-C's Rehab power) is about their financial condition as seen on their Balance Sheets, currently with a whopping $402B core capital shortfall over minimum Leverage capital level, but a CET1 = 2.8% of ATA under the Separate Account plan, enabling the redemption of JPS.
-SPS LP increased for free and its offset, absent from the Balance Sheets (Financial Statement fraud).
-Etc.
DeMarco was the fix-it man that enabled the regulatory framework that made all their actions lawful, so they could continue to peddle their big lies in court and on social media (a Common Equity Sweep carried out by 3 White House administrations. It's illusion because it doesn't exist in reality).
DeMarco understood it right.
With "deference to a Federal Agency", the plotters wanted the courts to twist the law and legalize the unlawful actions, notwithstanding that they are already lawful thanks to DeMarco and the Separate Account plan, and, since yesterday's Supreme Court opinion overruling Chevron, with the "no deference", now they will seek to peddle the idea of "abusive cosservator" that exceeded its powers, for the "blame DeMarco doctrine".
A #SCOTUS decision re #Chevron that establishes deference for administrative action, can't be used in #Fanniegate for the "Blame DeMarco doctrine".
— Conservatives against Trump (@CarlosVignote) June 26, 2024
He deliberately enacted the supplemental CFR1237.12,enabling a follow-on Separate Acct plan.#Trump built on it: Gifted SPS(NWS 2.0) https://t.co/9N0M7imwTP
If you don't know where "best interests of FHFA" is located, that starts with "actions authorized by this section", you'd better leave the board.
This was omitted by judge Sweeney (CFC), a former DOJ employee, so she read "take any action in the best interests of FHFA", to conclude "the FHFA is the government".
Judge Willett and justice Alito came to the rescue: "any action within the enumerated powers" and the latter, specified "rehabilitate FnF" (its power: Put FnF in a sound and solvent condition), that is, build capital and reduce debentures (ability to pay off debentures) which is perfect to reduce the taxpayer's assistance asap.
Justice Alito added "in a way..." which is suitable for the Separate Account plan. He simply added on his own "beneficial to the FHFA" to play the hedge funds' game of "the money is gone!" for the assault on the ownership by the Preferred Stocks, when the written text states "in the best interests of FHFA" from the regulatory point of view and in relation to the regulated entities it oversees, that is, the FHFA-way. Images posted below.
And ending up with what it isn't written in the text: "...and the public it serves", which can be used arguably by the UST to keep the $10B-$15B in TARP funds owed to FnF for the Making Home Affordable program, and even continue the utilization of FnF for public policies, like currently the sale of loans to women- and minority-owned businesses, etc., to the hedge funds, PIMCO can continue to build a mortgage portfolio at bargain prices, etc.
By the way, it's written in the Incidental Power of the conservator, whose etymological definition, means: actions that help out the main Power. Thus, it has to be some leeway or some very important activity, but always from the regulatory point of view as mentioned before, not to enrich the government, that even may make FnF incur losses (setting up Common Securitization Solutions -50/50 joint venture FnF- and the CSP, cost more than $1B; Delisting of the only bond on the NYSE and build capital in excess with the purpose of the redemption of the JPS (AT1 Capital. CET1 is more quality), prior to the Privatized Housing Financy System revamp chosen by the UST for the release in 2011 -3 options still -, etc.), or increase risks but, under no circumstance, it could be a way to break existing laws, like the Credit Enhancement clause in the Charter Act and the Restriction on Capital Distributions (FHEFSSA, amended by HERA), primarily because a capital distribution means that you are removing capital at a time when the conservator in charged with rehabilitating FnF, thus, that wouldn't be "authorized by this section".
This was explained clearly by the FHFA, with the exact same words, in the preface of the July 20, 2011 Final Rule (image) that enacted the CFR 1237.12 for the follow-on Separate Account plan, in light of the official declaration of capital distribution in the payment of Securities Litigation judgments (CFR 1229.13. Number 3).
A CFR 1237.12 enacted, because the former FHFA Acting Director understood it right. They were assessment sent to UST, 1989 FHLB-style. This is how you can deplete capital in FnF when it's restricted: when you are building it outside the Balance Sheet at the same time: "to meet the Risk-Based Capital requirement and the Minimum Capital Level" (Exception 1. Though 2, 3 and 4 are the same too, as the whole thing "(c) supplements" the restriction by statute U.S. Code 4614(e). Zing! The Incidental Power right there.
When I said that the debate NWS dividend🆚NWS 2.0 (SPS LP increased for free. Image below), is the same Common Equity Sweep, and thus, there are no winners, I wasn't talking about the Presidential debate on Thursday.
It just happens to be the same protagonists:
Letter to Rand Paul: "A sham, scam, a travesty brought to you by the Obama/Biden Administration"🆚the same brought to you by the Trump Administration.
Fannie Mae-No Politics.
Freddie Mac table: gifted SPS and its offset, are absent from the Balance Sheet.
Freeloadersville USA
They are trying to buy votes that’s all.
Right. The govt needs to have a housing policy . There only piece meal stuffs that don't address the root causes.
What is the progress for our 8-0 win now ?
What is the infatuation on this board for posting “news” that is 5+ years old.
They need to stop large funds from buying those homes and turning them in to rentals. They need to be owner occupied or it won't do a thing.
Why are you posting 5 year old articles?
Jordan Wathen, The Motley Fool
Updated 18 January 2019
Uknowdamnright!
whitehouse #
THE BIDEN-HARRIS ADMINISTRATION PLANS TO LOWER HOUSING COSTS BY:
• Building 2 million new homes because housing is more affordable when supply increases
• Providing $10,000 in mortgage relief for first-time homebuyers and $25,000 in down payment assistance for first-generation homebuyers
• Expanding rental assistance
WHITEHOUSE.GOV
Both news and conservatorship violated shareholder contracts under corporation charter.
All Shareholder contracts are protected under corporation charter.
Lamberth need to finalize to end conservatorship due to 8-0 verdicts.
Have to disagree with you again. HERA is the law, but it doesn't supersede the US Constitution. Despite the unfavorably ruling by SCOTUS in Collins, one of the Justices made it clear that every American citizen has the right to sue the government.
Never thought I'd disagree with you. HERA does authorize FHFA to put Fannie and Freddie in conservatorship.
It doesn't authorize FHFA to giveaway 79.99% of the corporations for a mere $75K.
It doesn't authorize it to have it's wards pay Treasury dividends during conservatorship.
It doesn't authorize it to send their equity to the Treasury.
GO KELLY!
GO BRYNDON!
GO FANNIE!
GO FREDDIE!
imbellish got scooped today. He's generally the first to post new court decisions.
I would say the second reason. Price went up right at the open. Chevron ruling came out 1 hour later and price remained unchanged.
HERA was challenged and found to be unconstitutional. Remember the removal for cause issue? What is wrong with HERA? The law is fine. The problem of the permanent temporary Conservatorship has its roots in the Treasury Department’s terms and conditions of its purchase agreement. Those terms give control over if, when, and how the Conservatorship can end. I believe the only path for a legal solution to ending the Conservatorship is to bring lawsuits against the Treasury Department and FHFA-R for violating the Charter Act and maybe some other laws. HERA is a fine law. SPSPA is and always was the problem.
Is there a higher authority than can speed up his decision?
Thoughts on today's upward movement?
* Chevron decision?
* Biden showing so poorly we are assuming Trump and implying he has the GSEs release?
* Something else? Or a combination?
Yep...it's those kooky MM's again and their wacky hijinks!
I'm open to any suggestion as to why he has yet to certify a unanimous jury verdict in nearly approaching it's one year anniversary other than he's running interference for the defendant.
FHFA limited the size of the Freddie Mac program; additionally, Fannie could easily follow suit now - highly doubtful Freddie will catch Fannie in size.
And many fewer Gratis positions. Not gonna be so-so many to disrupt their (accustomed lifestyle)
to the Curb!! Freeloading bureaucrats & privileged family members of the same.. Cut in 1/2 then 1/2 again!!
PPS being held down artificially
Thank you. As good an explanation as any, but long term I don't think this has any effect on the long term plight of the GSE's.
FNMFO volume just picked up.
instead of can Hera be challenged...
how about can Goldman s u c k s be challenged?
Paulson ex GS began the conservatorship
Demarco ex GS began the NWS and 100% theft under guess who "do not"? LOL
GS is 100% responsible for this whole mess-conservatorship, theft, and still going on today.
I also think GS is behind the MM's killing the stock price value ever since as well as monitoring this board and any press about the GSE's.
OK, I'm 1 and done today ( not sure why I was ever put down to 1 post a day, but today's post would be good reason with GS mods-LOL)
can hera be challenged? how about word ‘may’ in hera that got fhfa a lot of wins?
“The Supreme Court on Friday killed off a judicial doctrine that has protected many federal regulations from legal challenges for decades”
https://www.politico.com/news/2024/06/28/supreme-court-shifts-power-over-federal-regulations-from-agencies-to-judges-00165742
Also, Congress was very specific in HERA that courts could not question the actions of the Conservator. So there is no ambiguity there and this Chevron decision doesnt apply to the actions of the conservator,in my opinion.
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